The Gunners are closing in on their final preparations for the Europa League final but their summer transfer plans still have a long way to go before completion.

Those rumours seem to have a specific flavour of central defenders and wingers for the most part and today's set of rumours is no different in that regard.

Unai Emery will have a limited budget to work with, though it could rise if they manage to qualify for the Champions League by beating Chelsea, but what and who they can afford remains to be seen.

Take a look at the latest rumours below:

Malcom transfer news

Sport Witness has rounded up the latest reports from Spain and it seems there is a suggestion that Spurs are starting negotiations for the Barcelona midfielder.

The Catalan club are ‘especially’ willing to listen to offers from England but do want at least €40m, though some reports flag €60m as the asking price.

Ian Wright believes there are eight transfers Arsenal should make - READ HERE

The Gunners are believed to have tried to loan the winger in January, and the Brazilian has struggled to settle in Barcalona, only managing 15 La Liga appearances since joining from Bordeaux last summer.

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Arsenal news

Mario Hermoso transfer news

While Arsenal have been widely linked with Djene Dakonam this summer, they are apparently also interested in Mario Hermoso of Espanyol. They face competition from PSG and Bayern Munich for the signature for the centre back who has a release clause of €40m.

Reports suggest he could be available for as little as €20m however, while Real Madrid could pay just €7m following a clause in the deal that saw Hermoso leave the Bernabeu and the fact Los Blancos still hold a 50% stake.

Kostas Manolas transfer news

According to outlet Il Messaggero he has a release clause in his contract that stands at £31 million and there has been the suggestion that Arsenal are wiling to trigger the clause and are in discussions with the player's agent, Mina Raiola.

Raiola, who also represents the Arsenal midfielder Henrikh Mkhitaryan, has been banned by the Italian Football Federation with the world governing body FIFA extending the sanctions across the globe.

That ban will not end until after the English summer transfer window closes.

No doubt there will be ways to move around the issue but it adds a definite complication to proceedings.

The defender gave Arsenal hope last summer when he was asked about playing alongside Sokratis Papastathopoulos at a ‘big team’ when he replied: “You never know.”

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Thomas Partey transfer news

Thomas Partey has spoken out about his Atletico Madrid future amid links to Arsenal and Manchester United. The Red Devils are thought to be prepared to trigger the 25-year-old's reported €50m release clause while rumours of a move to the Emirates Stadium this summer intensified when Gunners head coach Unai Emery was spotted taking in the game between Levante and Atletico at the weekend.

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